Acquisitions, and Contracts & Agreements were the Key Strategies Adopted by the Leading Players in the global Antiblock Additive Market
Antiblock additives are added to polymer matrix to counter the effects of blocking. These additives create roughness by protruding microscopically from a film’s surface, thereby reducing adhesion by separating the interlocked micro-particles in the film. The global size of the antiblock additive market is projected to grow from USD 839.3 Million in 2016 to USD 1,109.6 Million by 2021, at a CAGR of 5.7% from 2016 to 2021. The global focus on increasing agricultural output, along with advancements in technology and packaging materials is driving the antiblock additive market.
Acquisitions, contracts & agreements, and investments were the key strategies adopted by the players to strengthen their position in the antiblock additive market. Of these, acquisitions, and contracts & agreements are the key strategies adopted by the major players such as Imerys S.A. (France), and W.R. Grace and Company (U.S.).
Imerys S.A. (France) is a major player in the global antiblock additive market. The company mainly focuses on acquisitions as part of its strategic development activity. In January 2017, Imerys acquired mineral-based solution producer Damolin A/S (Denmark), which has helped the company to expand into the European market of animal feed, cat litter, and oil and chemical absorbents. In February 2016, Imerys entered into a 50:50 technology joint venture with Omya AG (Switzerland) for combining its FiberLean and Omya’s MFC technology. This joint venture will help paper and packaging producers in improving quality and achieving productivity.
W.R. Grace and Company (U.S.) has been focusing on acquisitions to strengthen its position in the global antiblock additive market. In July 2016, the company announced the acquisition of the polyolefin catalysts business of BASE SE (Germany). Grace acquired patents, technologies, trademarks, and production plants of the company in Texas and Spain. This strategy has helped Grace to strengthen its core catalyst and materials technology business worldwide.
Other key players in the antiblock additive market such as Specialty Minerals Inc. (U.S.), Elementis Plc. (U.K.), Evonik Industries AG (U.K.), Honeywell International Inc. (U.S.), Fine Organics (India), BYK Additives & Instruments (Germany), Croda International Plc. (U.K.), and Shamrock Technologies Inc. (U.S.) have been profiled in the report with their competitive developments.
Related Reports:
Antiblock Additive Market by Product Type (Organic, Inorganic), Polymer Type (LLDPE, LDPE, HDPE, BOPP, PVC), Application (Food, Pharmaceutical, Industrial, Medical, Agriculture) - Global Forecast to 2021
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